The total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles in May 2025 stood at 25,82,207 units. The Indian automobile industry reported a steady but subdued performance in May 2025, with negligible change in the passenger vehicle segment, a slight decline in three-wheelers sales, and marginal growth in two-wheelers, according to SIAM data released on… Continue reading Motown remains steady in May 2025 with muted PV, marginal sales growth in 2Ws: SIAM
Author: Economic Times of India Online News
Tata Steel targets 15 MTPA green steel via recycling by 2040
Home-grown Tata Steel, which is adopting low carbon emitting steel making technologies in India and Europe, aims to have 10-15 million tonnes of production through recycling route in the next 10-15 years, the company’s CEO and MD T V Narendran has said. In FY25, Tata Steel produced 30.92 million tonnes of steel out of its… Continue reading Tata Steel targets 15 MTPA green steel via recycling by 2040
Tata Motors shares slide 5% after JLR flags flat cashflow, lower margins for FY26
Tata Motors shares have declined 28per cent over the past 12 months, though they have gained 75per cent over the last three years. Shares of Tata Motors slipped as much as 5.2per cent on Monday to ₹674.70 on BSE after Jaguar Land Rover (JLR), its UK-based subsidiary, flagged weaker financial performance for the current fiscal… Continue reading Tata Motors shares slide 5% after JLR flags flat cashflow, lower margins for FY26
Government to ‘facilitate’ auto companies procure Chinese magnet
The government, however, wants to play the role of a “facilitator” in the process, clearly demarcating it from being seen as a G2G (government-to-government) negotiation. The government has stepped in to support the auto and component industry’s efforts to procure rare earth magnets from China with companies submitting End User Certificate (EUC) to Beijing, certifying… Continue reading Government to ‘facilitate’ auto companies procure Chinese magnet
Nagpur earmarks 83,750 sqm for street parking to ease congestion
Under the initiative, white lines—diagonal for wide roads and parallel for narrow lanes—were painted to create uniform parking bays. With the number of vehicles on Nagpur’s roads crossing 21 lakh, the Nagpur Municipal Corporation (NMC) decided to decongest roads by earmarking over 83,750 square metres of space for organised street parking. This includes newly marked… Continue reading Nagpur earmarks 83,750 sqm for street parking to ease congestion
How global automakers can thrive in India’s hyper-competitive market
India’s auto industry is a $240 billion force, contributing 7 per cent to the GDP and employing millions. In India, cars are much more than merely machines. They mark independence, progress, ambition. And as the world’s third-largest auto market races toward a new era of electric mobility, connected vehicles, and sustainability-first thinking, one truth is… Continue reading How global automakers can thrive in India’s hyper-competitive market
Japan’s Pirme Minister Ishiba heads to G7 to press Trump to drop auto tariffs
Returning to Tokyo with no deal would be better politically than conceding too much, analysts say. Japanese Prime Minister Shigeru Ishiba heads to Canada on Sunday for trade talks with US President Donald Trump, hoping to persuade him to drop trade tariffs that have imperilled Japan’s auto companies and threaten to undermine his fragile government.… Continue reading Japan’s Pirme Minister Ishiba heads to G7 to press Trump to drop auto tariffs
Rare earth, rarer nod: Indian firms’ magnet waitlist doubles in 2 weeks, sends industry into supply tailspin
Indian authorities are in the process of reaching out to their counterparts in China via diplomatic channels to secure meetings for a dialogue to resolve the issue. The number of India-based companies awaiting licences from China’s commerce ministry to procure rare earth magnets has nearly doubled to 21 from 11 two weeks ago, according to… Continue reading Rare earth, rarer nod: Indian firms’ magnet waitlist doubles in 2 weeks, sends industry into supply tailspin
Trump clears Nippon Steel’s $14.9 billion US Steel takeover
US President Donald Trump has approved Nippon Steel’s $14.9 billion acquisition of US Steel, concluding an 18-month process marked by union resistance and two national security reviews. As per a Reuters report, Trump signed an executive order allowing the deal to proceed after the companies entered an agreement with the US Treasury Department addressing national… Continue reading Trump clears Nippon Steel’s $14.9 billion US Steel takeover
India may ease EV localisation norms amid China’s rare earth export curbs
The PLI program is part of a broader government effort to reduce reliance on imports across key sectors, including electronics, textiles, semiconductors, and EVs. India is considering a relaxation of its stringent 50per cent localisation requirement for electric vehicle (EV) makers and suppliers in light of China’s recent curbs on rare earth exports, according to… Continue reading India may ease EV localisation norms amid China’s rare earth export curbs